Director-linked SCG Ventures boosts Texas Capital (TCBI) Series B preferred stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Texas Capital Bancshares director-related entity SCG Ventures LP bought additional preferred stock exposure. On February 17, 2026, SCG Ventures LP purchased 8,000 Depositary Shares for Series B Preferred Stock of TEXAS CAPITAL BANCSHARES INC/TX at an average price of $22.11 per share in open-market transactions. On February 18, 2026, it bought another 2,000 Depositary Shares at $22.20 per share.
Each Depositary Share represents a 1/40th interest in the company’s 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. After these trades, SCG Ventures LP held 315,913 Depositary Shares indirectly linked to director Robert W. Stallings, alongside separate direct and foundation-held positions disclosed in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares ($221,280)
Net Buy
6 txns
Insider
STALLINGS ROBERT W
Role
Director
Bought
10,000 shs ($221K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Depositary Shares for Series B Preferred Stock | 2,000 | $22.20 | $44K |
| Purchase | Depositary Shares for Series B Preferred Stock | 8,000 | $22.11 | $177K |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Depositary Shares for Series B Preferred Stock — 315,913 shares (Indirect, SCG Ventures LP);
Common Stock — 90,039 shares (Indirect, SCG Ventures LP);
Depositary Shares for Series B Preferred Stock — 84,587 shares (Direct);
Common Stock — 289,961 shares (Direct)
Footnotes (1)
- Each Depositary Share represents a 1/40th interest in a share of the issuer's 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $.01 per share. The stated price represents the average based on prices ranging from $22.10 to $22.12. Upon request from the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided. SCG Ventures LP is owned by the RWS Investment Trust (49.5%), the LES Investment Trust (49.5%) and Stallings Management LLC (1%), its general partner. Stallings Management LLC is owned by Mr. and Mrs. Stallings (100%). The stated price represents the average based on prices ranging from $22.16 to $22.23. Upon request from the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided. The Stallings Foundation is a charitable foundation of which Mr. Stallings is an officer.
FAQ
What are Robert Stallings’ indirect holdings in Texas Capital (TCBI) after these preferred share trades?
After the reported purchases, SCG Ventures LP held 315,913 Depositary Shares of Series B preferred stock. The Form 4 also lists separate direct and charitable foundation holdings, including common stock and additional preferred Depositary Shares associated with Robert W. Stallings.
Does the Form 4 show changes in Texas Capital (TCBI) common stock ownership?
The Form 4 lists 289,961 common shares held directly and 90,039 common shares held indirectly via SCG Ventures LP, as of February 17, 2026, indicating the director’s combined direct and partnership-based common equity position in Texas Capital Bancshares.